Credit Suisse has led a $65 million Series B funding round for Swiss crypto infrastructure provider Taurus, with participation from notable financial institutions including Deutsche Bank, Pictet Group, and Cedar Mundi Ventures. Existing investors such as Arab Bank Switzerland and Investis also contributed to the round.
Founded in April 2018, Taurus offers enterprise-grade infrastructure for issuing, custodying, and trading digital assets. This includes cryptocurrencies, staking, tokenized assets, and digital currencies. The company currently collaborates with over 25 financial institutions and corporate clients across eight countries and three continents. Its notable clients include Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel.
André Helfenstein, CEO of Credit Suisse Switzerland, stated, “The strategic partnership with Taurus is a cornerstone of our Swiss Bank division’s digital assets strategy, aimed at establishing ourselves as the leading Swiss bank in this space. We are committed to embracing innovative technologies and plan to launch several digital asset services for our clients in the near future.”
Taurus plans to utilize the new funds to expand its engineering team and establish new offices across Europe, the UAE, and eventually in the Americas and Southeast Asia.
Lamine Brahimi, co-founder and managing partner of Taurus, remarked, “Raising $65 million in the current market environment speaks to the caliber of the Taurus team and our offerings. We are excited to welcome such prominent investors and leverage their expertise to enhance our comprehensive platform, which supports a wide range of digital assets beyond just cryptocurrencies.”
Sabih Behzad, head of digital assets and currencies transformation at Deutsche Bank, added, “We will integrate Taurus’ technology into our own IT environment, which will play a crucial role in our digital asset custody platform. This partnership will facilitate the development and rollout of our digital asset custody services, and we are pleased to be part of advancing the digital assets market.”